In response to the floods and tornados that have continued to impact midwestern and southern states, including Alabama, Arkansas, Georgia, Iowa, Kansas, Missouri, Nebraska, Oklahoma, South Dakota and Texas, Walmart has stepped up its disaster relief efforts.

As part of a national innovation expansion strategy, Walmart expects to spend an estimated $264.9 million this year in Texas through the remodeling of 54 stores, as well as the launch and continued expansion of several customer-focused services.

In response to the floods that have impacted midwestern states including Iowa and Nebraska, Walmart, Sam’s Club and the Walmart Foundation have committed to provide $100,000 in support through cash and product donations.

Walmart has acquired Aspectiva, an Israeli-based startup, for an undisclosed sum. As part of the acquisition, Aspectiva will be joining Walmart’s Store No. 8, the incubation arm launched by the retailer.

Walmart net sales surpassed half a trillion dollars in its last-completed fiscal year as the company’s namesake business in the United States enjoyed a 3.6% comparable sales gain bolstered by a 4.2% comp increase in the fourth quarter.

Walmart’s board of directors has appointed Cesar Conde, chairman of NBCUniversal International Group and NBCUniversal Telemundo Enterprises, as a new independent director to the company’s board, effective immediately.

HomeWorld Highlights

This is the fifth installment of a special series, presented by the National Hardware Show, exploring key trends and developments driving the growth of housewares and home goods in the home improvement retail business.

Home grillers in recent years have expanded their menu beyond hamburgers, hot dogs and steak and are now comfortable grilling a variety of foods from fruits and vegetables to pizza.

Current Issue

Executive Editor Greg Sleter highlights the May 13 issue of HomeWorld Business, which includes the annual Home Beverage Report and a look at the test that puts Kohl's and Aldi under one roof. Play video